The National Bank of Serbia (NBS) reported that, according to a survey by the Ninamedia agency in November, short-term inflation expectations in the financial sector rose slightly to 3.9% compared to 3.75% in October. Despite this increase, the expectations remained within the NBS target range of 3%, plus or minus 1.5%. The survey also revealed that the expected inflation for representatives of the economy over the next year is 4.6%, which remains consistent with the trend of recent months.
The NBS emphasized that medium-term inflation expectations in the financial sector continued to stay within the target range, with expectations for two- and three-year periods rising to 3.5% in November. This was a slight increase from October’s forecast of 3.2% for two years and 3% for three years.
For the economy, short-term inflation expectations for two- and three-year periods also increased, reaching 5% for both periods in November, up from 4% in October. To ensure transparent communication, the NBS reminded the public that since May 2015, it has consistently published monthly reports on inflation expectations from the financial sector, the economy, trade unions, and the general population.
